Gold and silver prices plunge on Karva Chauth: Planning to buy gold or silver on Friday, October 10th, for the holy occasion of Karva Chauth? It’s crucial to check the latest market prices before making your purchase. The market has seen a major reversal overnight. In this surprising turn, gold prices have fallen sharply, while silver has seen a significant rise. Gold has become cheaper by ₹18,600 per 10 grams, while silver has jumped by ₹3,000 per kilogram. This is a golden opportunity for buyers, especially those considering buying silver this festive season.
Latest Gold Prices: City-wise Updates on the Occasion of Karva Chauth
If you’re about to complete your jewelry purchases for Karva Chauth, this information is crucial. After the latest adjustment, the price of 10 grams of gold is ₹1,12,200 for 22-carat, ₹1,22,440 for 24-carat, and ₹91,870 for 18-carat. Meanwhile, one kilogram of silver is trading at ₹1,70,000. Let’s now take a look at detailed prices in major cities across the country to help you make an informed decision.
18-carat Gold Market: What are the prices?
18-carat gold is considered a good option for those looking for durable and popular jewelry. The price for 10 grams in the Delhi bullion market today is ₹91,870. Buyers in Kolkata and Mumbai will find it slightly lower at ₹91,720. In Indore and Bhopal, the price is ₹91,770. Meanwhile, in Chennai, the price is significantly higher, trading at ₹93,300 per 10 grams.
22-carat gold: Which city offers the best deal?
The price of 22-carat gold, considered ideal for traditional jewelry, is fluctuating. 10 grams in Bhopal and Indore are priced at ₹112,100. In Jaipur, Lucknow, and Delhi, it is trading at ₹112,200. If you’re shopping in Hyderabad, Kerala, Kolkata, or Mumbai, the price is around ₹112,100.
24-carat gold shines: Purity has its own price
24-carat prices are crucial for investors and those buying pure gold. Today, the price of 10 grams in Bhopal and Indore is ₹122,340. The price in the bullion markets of Delhi, Jaipur, Lucknow, and Chandigarh is recorded at ₹122,440. Shoppers in Hyderabad, Kerala, Bangalore, and Mumbai will find prices of ₹122,290. Chennai, meanwhile, stands out in this category with the highest rate of ₹122,840.
Silver Makes a Splash, Steadily Stealing the Spotlight
While gold prices have fallen, silver has grabbed everyone’s attention this Karva Chauth. This white metal has recorded a jump of ₹3,000 per kilogram. In major markets like Jaipur, Kolkata, Ahmedabad, Lucknow, Mumbai, and Delhi, the price of one kilogram of silver is ₹170,000. However, in southern cities like Chennai, Madurai, Hyderabad, and Kerala, the price is significantly higher at ₹180,000. Markets in Bhopal and Indore are trading at ₹170,000, in line with northern India’s rates.
Know the Secrets of Purity Before Buying: Gold and Silver Hallmarking Guide
Before making any purchase, it is extremely important to confirm the purity of your gold and silver. The Indian Standards Organization (ISO) mandates hallmarking to ensure the purity of gold. Pure 24-carat gold is 99.9% pure, while 22-carat gold is approximately 91% pure. This purity is expressed mathematically; 24-carat is 1.0 (24/24) and 22-carat is 0.916 (22/24).
Be sure to look for these markings on your jewelry: 999 for 24-carat, 958 for 23-carat, 916 for 22-carat, 875 for 21-carat, and 750 for 18-carat. It’s important to remember that although 24-carat gold coins are available, it’s not typically used for jewelry due to its softness, so the 18, 20, and 22-carat variants are the most sold.
An important update for silver buyers: From September 1, 2025, hallmarking rules now apply to silver jewelry. While not yet mandatory, it is strongly recommended. Hallmarked silver items will have a unique 6-digit HUID code, enabling you to confirm the item’s authenticity and purity instantly.
The Bureau of Indian Standards (BIS) has established six new grades for silver purity: 800, 835, 900, 925, 970, and 990. For example, a mark of 925 confirms that the silver is 92.5% pure, which is the standard for sterling silver.
A final tip for buyers
The rates mentioned here are indicative only and are based on the bullion market. The final price you will pay to the jeweler will include additional expenses such as GST, TCS, and making charges. For the most accurate and final price, always consult your local, trusted jeweler before completing your Karva Chauth purchase.